AI models give inaccurate financial advice 57% of the time

Could cost users ‘tens of thousands of pounds’

Sophia Panayi
clock • 3 min read

AI models give wrong answers to financial inquiries on average 57% of the time, according to research from financial technology firm Saturn.

The report - Artificial Authority: Should you trust AI to deliver financial advice? - has revealed AI models from the likes of ChatGPT, Claude, CoPilot, Grok and Gemini only give accurate answers to financial inquiries 43% of the time. On "harder" questions, the AI models made mistakes, on average, in 88% of cases. Some AI models gave wrong answers to 99% of those more complex questions, the research found. To conduct the research, Saturn tested 18 popular AI models against 121 different financial questions. Each question was repeated five times to check consistency. In total, more...

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